Megapack

Tesla solar installments leapt by 46% year-on-year but dropped somewhat sequentially to 83MW in Q3 as the clean technology giant targeting better earnings from its energy division.

The Q2 numbers are a record for topline in addition to net income for Tesla, easily defeating estimates. The firm's change to LFP chemistry for some storage space products will be closely watched.

The Palo Alto company says it has improved its large scale battery offering with the new product in the wake of the success of its Powerpack-driven big battery in Australia. The Megapack can be deployed at a 250 MW/1 GWh clean energy plant four times faster than a fossil fuel alternative, claimed the business in a blogpost.